Highlights
Bernard Madoff's family turned him in to authorities in December, blowing the whistle on what authorities said he described as a "giant Ponzi scheme."
Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.
The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.
He is free on bail but must stay at his Upper East Side apartment.
Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.
The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.
He is free on bail but must stay at his Upper East Side apartment.
Bernard Madoff's family turned him in to authorities in December, blowing the whistle on what authorities said he described as a "giant Ponzi scheme."
Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.
The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.
He is free on bail but must stay at his Upper East Side apartment.
Authorities say Madoff confessed to family members that he had for years been paying returns to certain investors out of the principal received from others until he had only $200 million to $300 million remaining.
The charge against Madoff carries a potential penalty of up to 20 years in prison. Other charges could be added as the case is presented to a grand jury.
He is free on bail but must stay at his Upper East Side apartment.
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In federal prison, Baltimore cops get no breaks
Police officers convicted of a crime in Maryland and sentenced to state prison are typically housed in segregated areas for their safety, far from most other inmates. But those prosecuted in U.S. District Court and sent to federal prison — like the...Tags: Abusive Behavior, Blackmail and Extortion, Gahiji A. Tshamba, Corporate Crime, Lawyers
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Don't blame Obama for the world's problems; blame yourself
Not long ago, in the "Readers Respond" column, one of your readers said that President Barack Obama's "failure to prevail" in the recent debt ceiling fiasco "speaks to his failure in leadership." It clearly does not. The debt ceiling "crisis" is not new...Tags: Banking, Barack Obama, World War II (1939-1945), Consumers
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The Interview John Hauserman, Certified Financial Planner board ambassador
Financial advisers often have an alphabet of professional designations behind their names, but the dominant one remains "CFP," or certified financial planner.
The CFP Board, which sets the national standards for financial planners, has announced in the...Tags: Real Estate Sellers, Ethics, Values, Bankruptcy, Consumers
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Labels, criminals and bigotry
I was not downtown during the recent disturbances, but I will take Del. Pat McDonough's word that the groups of young thugs were, in fact, black ("Baltimore and bigotry," May 18). Here is the point I want to make: The fact that they were black had nothing...Tags: Timothy McVeigh, Jeffrey L Dahmer, Judaism, David Berkowitz, Methamphetamine (drug)
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As season dawns, some fans hope for Angelos to sell the Orioles
Scott Evans remembers the soft glow of the small television set, and the way his stepfather tried to calm him and his sister for the benefit of the neighbors in the apartment below. But who, on this night, was not celebrating? It was 1983 and the...
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We're turning America into a giant casino
Anyone who says you can get rich through gambling is a fool or a knave. Multiply the size of the prize by your chance of winning it and you'll always get a number far lower than what you put into the pot. The only sure winners are the organizers -- casino...
Tags: Mary Schapiro, Sales, Atlantic City (Atlantic, New Jersey), Barack Obama, Computer Networking and Internet
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Social Security sets off sparks
If there was still any doubt that Social Security is the proverbial third rail of American politics — that is, potentially deadly to the touch — Gov. Rick Perry has provided the electrifying answer: You don't mess with the monthly checks,...Tags: Social Security, Corporate Crime, Republican Party, Retirement, Executive Branch
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'Madoff' items missing at advertised auction
Grad student Matthew Franco joined scores of others in Pikesville Sunday to check out the "Bernie Madoff Liquidation" and maybe pick up a piece of the famous felon's loot.
But the Madoff merchandise at auction venue Grey Rock Mansion turned out to be...Tags: Corporate Crime, Vehicles, Johns Hopkins University, Maryland, Pikesville
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Madoff's UK unit was "warehouse for stolen money" -liquidators' representative
ReutersBy Laurence Fletcher LONDON, June 12 (Reuters) - U.S. fraudster Bernard Madoff used his London-based company to "warehouse" huge amounts of money stolen from the Ponzi scheme and buy luxury items for himself, a court heard on Wednesday. The...Tags: Theft, Luxury Goods Industry, Corporate Crime, Financially Distressed Companies, Companies and Corporations
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Ex-SEC investigator settles whistleblower retaliation lawsuit
ReutersBy Sarah N. Lynch WASHINGTON, June 10 (Reuters) - A former internal investigator at the U.S. Securities and Exchange Commission who claimed he was fired for trying to blow the whistle on possible misconduct has reached a $580,000 settlement with the SEC,...Tags: Lawyers, Justice System, U.S. Securities and Exchange Commission, Mail Order Industry, Laws
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'Blue Jasmine' trailer: Yo, Andrew Dice Clay in a Woody Allen film?
The trailer for Woody Allen's "Blue Jasmine" is out, providing a first peek at one of the summer's most counterintuitive bits of casting -- potty-mouthed comic Andrew Dice Clay in a dramatic role opposite Cate Blanchett, Alec Baldwin, Sally Hawkins and...
Tags: Alec Baldwin, Cate Blanchett, Sally Hawkins, Woody Allen, Bradley Manning
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Letters: Adding insult to Matt Kemp's injury
It's hard to believe that Matt Kemp has made the Dodgers' $160-million investment disappear quicker than Bernie Madoff ever could have. Herb Schoenberg Tarzana :: I have never heard of a team being worse off if a guy that's hitting .251 with two...
Tags: Baseball, Los Angeles Lakers, Los Angeles Angels of Anaheim, Matt Kemp, Los Angeles Kings
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